Baby Birds.

Baby Birds.

I think people might be missing some of the nuance inherent in what's happened to markets this month. Or maybe they're not really "missing it" as much as they are deliberately glossing over it because almost by definition, nuance takes some of the fun out of things, no matter what you're talking about. Take this, from former trader-turned Bloomberg columnist Richard Breslow, for instance: Market participants have just become so inured to the expectation that God, in the guise of a central bank
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2 thoughts on “Baby Birds.

  1. “well Trump just slapped “sleeping” inflation across the face and despite the fact that his hands are small, that’s a pretty big slap when the economy is already at full employment.”

    Now, I’m no Trump critic (nor am I a fan), but that’s just funny.

    Regarding this being a bad time to replace Yellen, well yes, maybe a bad time if you believe her machinations would keep the low vol risk on theme going for eternity. But, we all know that’s BS. This is headed for pain. You don’t keep an incompetent CEO at the helm during a critical juncture just because you’re at a critical juncture. An incompetent leader will place you in shit-storm after shit-storm. There will never be a “good time” to do it. That being said, Powell probably not the right choice to right the ship.

  2. 0000–Mr. H’s sense of humor–it takes a little getting used to but it is good–hahaha.
    his last few articles have been amazing to say the least.
    the man has depth, with out question.
    looks like July could be another shit storm–thoughts anyone?
    sb

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